Capital Stupidity Goes to Court

I just read that a Twin Cities law firm, Milavetz, Gallop & Milavetz is suing Wells Fargo bank because the bank didn’t cover their stupidity. As it turns out, it’s a new low for both lawyers and bankers.

The lawyers got one of those Nigerian emails claiming they needed help getting paid on a big settlement. The lawyers, seeing easy money, took a counterfeit check and transferred almost 400 grand to a bank in Hong Kong where the money disappeared. Please excuse me if I have no tears for the terminally stupid of the world.

The lawyers say the bank should have seen that the check was counterfeit and protected them from themselves. The bank says it followed all of the correct policies. I think the bank and the lawyers deserve each other. With that level of mutual stupidity, disregard of others, greed and complete disdain of anything resembling ethics, they may help the rest of us out by destroying each other.